Compliance training – the real value and benefit to the modern compliance professional

Written by Holly Whitehead on Monday February 8, 2021

I started off life in the compliance industry as a fraud investigator. It was an interesting role, however the training we received was ‘on the job’, including the mandatory e-learning that I’m sure you’re all familiar with. I don’t think I was truly aware of proper compliance training, and the value and benefit that it would have had on myself, my fellow investigators, and my firm, until I joined the International Compliance Association.

Value and benefits

I truly believe that if I’d had access to proper compliance training, I would have been empowered to execute my role with greater confidence, as I would have understood academic, practical and international frameworks that were crucial to my role. It also would’ve provided me with new skills that I could apply immediately, such as critical thinking. I feel like it would have helped me understand more than just my job role; it would have given me an appreciation for wider compliance issues, as well as best practice.

Compliance – 10 years on

The compliance industry has moved more towards a profession over the last 10 years. I know many people, myself included, who never planned to get into compliance. We started in a front line job, liked the sound of compliance and took a chance as it came our way. However, there has recently been a shift and we get many enquiries at the International Compliance Association from people who desire a career in compliance. At this stage, compliance training is crucial.

The fact that compliance as a career has developed brings with it a responsibility to be good at your job and to do it to the best of your ability. It’s no longer about just doing mandatory training. It’s about getting properly qualified, and maintaining and building on your skills so that you can support not just yourself, but others as well. 

Lifelong learning

‘An investment in knowledge pays the best interest’ – Benjamin Franklin was not wrong. Lifelong learning enables you to continually gain knowledge and skills, grow your confidence and respond to today’s ever changing landscape. By taking part in compliance training, you will be joining a movement of lifelong learning. Not only will it enable you to demonstrate motivation to develop and grow on a professional level – making career progression much more realistic – but it will allow you to keep up to date with the continuously changing world of compliance.

Getting started

This may all seem daunting; you might have been out of formal education for years and the very thought of taking a professional qualification sends chills down your spine. When I left university I didn’t think that I would have to take a test or study ever again! However, learning and its methods have changed, and in these days of micro/bitesize learning, it is incredibly easy to fit your professional development in around your personal life – that is certainly what I found when I studied for my two ICA qualifications. I just wish I’d had the opportunity to do them sooner.

Find out more about a career in compliance ⯈



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